Preliminary Sales Reach 7599 for November
Actives down, Pendings off sharply.
AWC also down; are short sales finally closing?
PENDING: 10,821 ( -1024 from last week)
Pending Sfam: 9,468 (-912 from last week)
AWC: 6,132 ( -252 from last week)
AWC Single Fam: 5,373 ( -230 from last week)
Closed: 1,592 (-286 from last week)
Closed Sfam: 1,392 (-230 from last week)
Active Listings: 33,475 ( -156 from last week)
Active Sfam: 25,984 ( -112 from last week)
CLOSED Nov. 7,599
Closed Sfam: 6,584
I am under the weather today, so I am not to going to do much with this. The closings show that we are going to come up short of the 8000 we projected for November. The current number is going to rise, as realtors will be adding more in from yesterday's closings, but it won't be enough to reach 8000. Its an okay month, but not an outstanding one.
Inventory fell a little in the past week, as did AWC contracts. I am not sure if that means more short sales closed, or that new contracts have slowed. It is likley the second one, as we are going into a dormancy period for a few months, and new activity can be expected to slacken.
I will update a more complete final closing tally later this week; it certainly will surpass 7600.
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